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Browse More Listings in Multifamily For Sale, Yakima, WA or Washington

Multifamily Property For Sale

Yakima 16plex

314-316 N 7th, Yakima, WA 98901

Price:
$810,000
No. Units:
16
Building Size:
11,600 SF
Price/Unit:
$50,625
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
8.13%
Gross Rent Multiplier:
8.27
Occupancy:
100%
No. Stories:
2
Year Built:
1969
Lot Size:
26,740 SF
Tax ID / APN #:
19131834479
Find Out More...

Last Verified 11/18/2009 Listing ID 16455115

Highlights

Amazing investment opportunity - 16plex in downtown Yakima!
$75,000 in repairs and upgrades completed in July of 2008!
Fully leased investment with historically low vacancy rates!

Easy to manage!
Below market rents - tap into the huge rental upside!
Close to Yakima Country Club & 2 Major Golf Courses!

Description

Amazing Investment Opportunity! 16plex! $75,000 in repairs and upgrades completed in July of 2008. Fourteen 2bed units, two 1bed units. Fully leased investment property with historically low vacancy rates. Easy to manage. Below market rents - great rental upside! Close to Yakima Country Club and 2 Golf Courses in prime downtown Yakima location. Easy access to all major freeways and close proximity to Yakima Air Terminal. Additional income from Laundry Facilities on Site. Buyer to verify all information. Title & Escrow - Stewart Title Inc. Do not disturb current tenants.

Financial Summary

Unit Mix Information

Actual
Year
2009
Scheduled Gross Income
$97,990
Effective Gross Income
$93,090
Operating Expenses
$27,210
Net Operating Income
$65,880
Pre-Tax Cash Flow
$65,880

Description	No. Units	Sq. Ft.
2 Bedroom/1 Bathroom	14	750
1 Bedroom/1 Bathroom	2	600

Map of 314-316 N 7th, Yakima, WA 98901 (Yakima County)

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Michael Moore (425) 519-4205

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Created 11/2/2009

Additional Information for 314 N 7th Street, Yakima, WA 98901

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Yakima 16plex

314-316 N 7th, Yakima, WA, 98901